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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and due from banks $ 17,950 $ 20,784
Interest-bearing deposits in banks 59,851 46,130
Securities available for sale, at fair value 162,355 162,907
Securities held to maturity, at amortized cost (net of allowance for credit losses of $132 at March 31, 2023) 151,301 153,158
Restricted securities, at cost 1,803 1,908
Loans, net of allowance for credit losses, 2023, $8,717; 2022, $7,446 909,250 913,077
Other real estate owned, net of valuation allowance 184 184
Premises and equipment, net 21,637 21,876
Accrued interest receivable 4,389 4,543
Bank owned life insurance 24,424 24,531
Goodwill 3,030 3,030
Core deposit intangibles, net 131 136
Other assets 16,027 17,119
Total assets 1,372,332 1,369,383
Liabilities    
Noninterest-bearing demand deposits 410,019 427,344
Savings and interest-bearing demand deposits 676,875 677,139
Time deposits 154,631 136,849
Total deposits 1,241,525 1,241,332
Subordinated debt, net of issuance cost 4,996 4,995
Junior subordinated debt 9,279 9,279
Accrued interest payable and other liabilities 4,721 5,417
Total liabilities 1,260,521 1,261,023
Commitments and contingencies
Shareholders’ Equity    
Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding 0 0
Common stock, par value $1.25 per share; authorized 8,000,000 shares; issued and outstanding, 2023, 6,280,378 shares; 2022, 6,264,912 shares 7,851 7,831
Surplus 32,937 32,716
Retained earnings 91,239 90,284
Accumulated other comprehensive loss, net (20,216) (22,471)
Total shareholders’ equity 111,811 108,360
Total liabilities and shareholders’ equity $ 1,372,332 $ 1,369,383